Earlier today, LG unveiled its latest high-end Android-powered smartphone, the G3, and, as I’m sure many of you would agree, it looks pretty impressive, boasting a stunning 2K display, and the world’s first laser autofocusing camera. The question some of us are asking though, is just how does this new handset compare to other flagships on the market? 

If you’re as excited as us about today’s LG G3 event, then you’ll probably want to watch the whole thing live. Luckily for you, LG is streaming it all — and you can watch it right here.

LG knows we can’t wait to see the G3 — that’s why it has been teasing it and its features so much in recent weeks. The handset will get its grand unveiling at the end of this month, but you don’t have to wait any longer to see what it looks like.

A new video posted to LG’s YouTube channel today gives us our first official glimpse at the much-anticipated flagship.

If you’re a flagship smartphone buyer who hasn’t already adopted the Galaxy S5, the HTC One M8, or the Sony Xperia Z2, chances are you’re probably patiently awaiting the LG G3 instead. That’s the case for a lot of people, thanks to the success of last year’s G2.

Fortunately, that wait is nearly over. LG plans to announce its new flagship on May 27 in London, and to remind you what’s in store, the company today released a new teaser video that focuses on the handset’s design and impressive camera technology.

Up until last year, the only popular OEM whose devices were water and dust-resistant was Sony. However, this year there has been an uptick in OEMs making their latest generation of smartphones water resistant and dust proof. The most notable ones include Samsung’s Galaxy S5 with an IP67 rating and the Sony Xperia Z2 with an IP58 rating. Even though the HTC One (M8) does not carry any IP rating, it can still survive under water for around 30 minutes easily.

So, what does the IP rating mean? What is the difference between an IP67 and IP57 rating? Read below to find out.